Exploring the Central Area in Singapore: Orchard, Bukit Timah, Newton

District 9: Orchard, Cairnhill, River Valley

Orchard, Cairnhill, and River Valley are part of District 9, located within Singapore’s Central Business District. This area is renowned for its vibrant retail, dining, and entertainment options, with Orchard Road being one of Singapore’s premier shopping streets known around the world.

The presence of luxury residences, such as the freehold Ritz-Carlton Residence in Cairnhill, underscores the area’s appeal to those seeking high-end living spaces. The area’s cosmopolitan atmosphere, combined with its convenience and accessibility, makes it a top choice for both locals and expatriates.

Top schools in District 9

Top amenities in District 9

Property market trends in District 9

There were over 5,300 property transactions in District 9 in the past 5 years, with a maximum selling price of $36.3 million and a minimum sale price of $700,000. The average sale price of a District 9 property is around $3 million, at an average price of $2,420 per square foot (PSF) for a 1,226 sq ft unit.

Freehold vs Leasehold: PSF Prices

Freehold typically performs better in terms of price growth and sales volume. However, there were 3 moments where the price growth of leasehold properties outpaced that of freehold properties.

In November 2019, there was an 8% difference between freehold and leasehold property prices, at $2,244 PSF and $2,433 PSF respectively.

In May 2020, there was a 16% difference between freehold and leasehold property prices, at $2,018 PSF and $2,373 PSF respectively.

In April 2021, there was a 12% difference between freehold and leasehold property prices, at $2,299 PSF and $2,596 PSF respectively.

Top 15 condo projects in District 9 sold up to $4,000 PSF

The top 2 condo projects, Skyline @ Orchard Boulevard and The Marq on Paterson Hill, are both prestigious freehold condos. With only 40 units, Skyline offers a sense of exclusivity and privacy to residents — highly valued in the bustling central area that is Orchard. The Marq, on the other hand, is known for its high-quality finishes and fittings and boasts a higher rental yield compared to Skyline

District 10: Bukit Timah, Holland Road, Tanglin

Bukit Timah is known for its lush greenery, high-quality residential properties, and proximity to some of Singapore’s best schools. Its location near the Central Water Catchment area offers residents a tranquil environment that is conveniently close to the city center. The area is also well-connected by major expressways and public transport.

Meanwhile, Holland Road and Tanglin exude a tranquil charm with their tree-lined streets, offering a mix of luxury condominiums and landed properties. There are ample green spaces in these neighbourhoods, including the Singapore Botanic Gardens, providing residents with ample green spaces for recreation. This area is also home to numerous embassies, prestigious schools, and shopping destinations.

Top schools in District 10

Top amenities in District 10

Property market trends in District 10

There were over 6,500 property transactions in District 10 in the past 5 years, with a maximum selling price of $75 million and a minimum sale price of $644,000. The average sale price of a District 10 property is around $3 million, at an average price of $2,340 PSF for a 1,401 sq ft unit.

Top 15 condo projects in District 10 sold up to $5,000 PSF

Les Maisons Nassim is a freehold project condo development in the exclusive Nassim Road area within District 10, notable for its low-density living, offering only 14 units, which ensures privacy and exclusivity for its residents. Its location in one of Singapore’s most prestigious neighborhoods is a significant draw, providing easy access to the Singapore Botanic Gardens, major embassies, and the Orchard Road shopping belt. The proximity to Napier and Orchard Boulevard MRT stations enhances connectivity as well.

The luxury of space is evident in its large unit sizes and the high-quality finishes and fittings that cater to the tastes of discerning buyers, most of which are Permanent Residents and foreigners.

Similar to Les Maisons Nassim, Eden offers exclusivity with a limited number of units, each designed with a focus on green living and sustainability. It features spacious units with unique architectural elements that blend indoor and outdoor living spaces.

District 11: Newton, Novena

Newton and Novena, located near the Central Region, offer a slower pace of life compared to the bustling Orchard Road, yet remain highly accessible and close to key amenities. Novena is noted for its medical facilities, including Tan Tock Seng Hospital, making it a healthcare hub. Both areas are well-served by public transport, including the upcoming enhancements to the Circle Line, improving connectivity further.

Top schools in District 11

Top amenities in District 11

Property market trends in District 11

There were over 2,400 property transactions in District 11 in the past 5 years, with a maximum selling price of $7.8 million and a minimum sale price of $550,000. The average sale price of a District 10 property is around $2 million, at an average price of $1,886 PSF for a 1,261 sq ft unit.

Top 15 condo projects in District 11 sold up to $2,000 PSF

Despite being in the CCR, District 11 properties are priced at a lower quantum compared to those in the central Orchard area or Bukit Timah in the downtown area. Its highest average price was at $2.8k PSF for a unit at Pullman Residences Newton.

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